FMC Corporation (FMC, Financial) has secured official approval in Brazil for its innovative product, Sofero Fall, aimed at combating the fall armyworm in row crops. This product is the pioneering member of FMC's Sofero pheromone solutions portfolio, offering growers a sustainable alternative for pest management, resistance control, and crop yield enhancement.
Sofero Fall employs a unique action mechanism called mating disruption, which interrupts the pest's reproductive cycle, preventing new generations from emerging. This early intervention helps protect crops during their crucial growth stages. Sofero Fall is designed to be used in conjunction with synthetic, biological, and precision technologies as part of an integrated pest management strategy.
While Sofero Fall has achieved registration in Brazil, FMC is also awaiting approval in Mexico for another pheromone product, Sofero Frugi, which also targets the fall armyworm. This approval is expected to occur in 2027, further expanding FMC's portfolio of sustainable pest control solutions globally.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for FMC Corp (FMC, Financial) is $47.84 with a high estimate of $61.00 and a low estimate of $38.00. The average target implies an upside of 32.01% from the current price of $36.24. More detailed estimate data can be found on the FMC Corp (FMC) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, FMC Corp's (FMC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FMC Corp (FMC, Financial) in one year is $69.12, suggesting a upside of 90.73% from the current price of $36.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FMC Corp (FMC) Summary page.
